TMCNET eNEWSLETTER SIGNUP

Jan 22, 2013 (SmarTrend(R) News Watch via COMTEX) --
salesforce.com (NYSE:CRM) traded in a range yesterday that spanned from a low of $166.12 to a high of $170.27. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $167.27 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

Over the past year, salesforce.com has traded in a range of $102.27 to $174.96 and is now at $166.89, 63% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of salesforce.com on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.45. Since that recommendation, shares of salesforce.com have risen 10.1%. We continue to monitor CRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com
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